Replies to post #7259 on Great Wall Builders (fka GWBU)

[carlos55]

so your plan is to be a millionaire in 67 yrs? lol

[Derek2534]

Trade options and shoot for 50% each day :-)

[dukejas54]

Ben Franklin said the best thing to happen for making money is compound interest. If you parlay your winnings each trade at 5% you would need 145 trades if they were all winners. Granted at the end of the year you would have to pay 31% taxes on those short term gains so you may have to add a few more trades to break that $1 million barrier. But one trade per week with a 5% gain will take you about 3 years if every trade hits. I left out the fact that $16-20 per round trip trade commissions for 20-30 trades will hard also.